timwest

GOLD (GLD) update = cover shorts go flat here and wait

AMEX:GLD   SPDR GOLD SHARES
392 2 0
Some comments on GOLD             ( GLD             etf ): IF THIS BIG GAP UP AND CLOSE LOWER DAY CAN'T LEAD TO LOWER PRICES RIGHT AWAY (TODAY), THEN IT IS BEST TO ASSUME THAT WAS A FAKE-OUT. IF THE SELLERS WERE VERY DETERMINED TO SELL GOLD             , THEY WOULD HAVE MORE TO SELL AND PRICES WOULD BE HEADING LOWER TODAY. MAKES SENSE.
By: Technical Tim Dec 8, 2011 9:52AMEST
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
timwest PRO
4 years ago
If you notice, the chart that I published showed a large gap-up and close-down, also known as an "engulfing bar", which is very different from the gap-down, close even lower bar that is shown now. I guess I shouldn't rely totally on TradingView data as it made me change my opinion based on inaccurate data. I suppose I will be more careful next time. I hope it didn't affect any of you. For free advice, so far, we are doing pretty well. Does anyone agree?
Reply
admin PRO timwest
4 years ago
Tim, could you please explain what is the problem with data accuracy? We need to check it for you but I did not understand this based on your description. Thanks.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out